Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

STIPENDIARY MAGISTRATES

In English law. Paid magistrates; appointed in London and some other cities and bor- oughs, and having in general the powers and jurisdiction of justices of the peace.

STIPENDIUM

Lat. In the civil law. The pay of a soldier ; wages; stipend. Calvin.

STIPES

Lat. In old English law. Stock ; a stock; a source of descent or title. Communis stipes, the common stock. Fleta, lib. 6, c. 2.

STIPITAL

Relating to stirpes, roots, or stocks. “Stipital distribution” of property is distribution per stirpes; that is, by right of representation.

STOCK

or, with a view to their being released or discharged by an acoeptilatio, that mode of discharge being applicable only to the verbal contract Brown.

STIPULATION

A material article in an agreement in practice. An engagement or undertaking in writing, to do a certain act; as to try a cause at a certain time. 1 Burrill, Pr. 389.

STIRPS

Lat. A root or stock of descent or title. Taking property by right of repre- sentation is called “succession per stirpes.” in opposition to taking In one’s own right, or as a

STOUTHRIEFF

discharged. If there is a class of “preferred”‘ stock, the common stock may In this sense be said to be “deferred,” and the term Is sometimes used as equivalent to “common” stock.

STOCKHOLDER

A person who owns shares of stock in a corporation or joint- stock company. See Mills v. Stewart, 41 N. Y. 3S0; Boss v. Knapp, etc., Co., 77 111. App. 424; Corwith

STOCKS

A machine consisting of two pieces of timber, arranged to be fastened to- gether, and holding fast the legs of a person placed in it. This was an ancieut method of punishment

STOP ORDER

The name of an order grantable in English chancery practice, to prevent drawing out a fund in court to the prejudice of an assignee or lienliolder.

STOPPAGE

In the civil law. Compen- satiou or set-oil.

STOPPAGE IN TRANSITU

The act by which the unpaid vendor of goods stops their progress and resumes possession of them, while they are in course of transit from him to the purchaser, and not yet

STORE

Storing Is the keeping merchandise for safe custody, to be delivered in tlie same condition as when received, where tbe safe-keeping is the principal object of deposit and not the consumption or

STOUTHRIEFF’

In Scotch law. Formerly this word included every species of theft accompanied with violence to the person. but of late years it has become the rox siqnata for forcible and masterful depredation

STREPITUS

violent depredation on tlie highway, or accompanied by house-breaking. Alis. Prin. Scotch Law 227.

STOWAGE

In maritime law. The storing, packing, or arranging of the cargo iu a ship, in such a mauner as to protect the goods from friction, bruising, or damage from leakage. Money paid

STOWE

Iu old English law. A valley. Co. Litt. 40.

STRADDLE

In stock-brokers’ parlance the term means the double privilege of a “put” and a “call,” and secures to the holder the right to demand of the seller at a certain price withiu

Topic Archives:

Disclaimer

This site contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.